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Ontario Introduces Landmark Legislation to Protect Homeowners and Homebuyers

Cambridge — In a significant move to bolster protections for homeowners and new homebuyers, the Ontario government unveiled the Homeowner Protection Act, 2024 today. This groundbreaking legislation, the first of its kind in Canada, aims to eliminate fraudulent practices targeting property owners and enhance consumer rights for those purchasing new freehold homes.

Key Provisions of the Act

The proposed legislation introduces several pivotal measures designed to safeguard Ontario residents:

  1. Ban on Notices of Security Interest (NOSIs) for Consumer Goods:
    • Prohibition and Expiry: The Act will ban the registration of NOSIs for consumer goods on the Land Registry. Currently registered NOSIs will be deemed expired. These registrations, often misused by fraudulent actors, have been a tool for exploiting vulnerable homeowners, particularly seniors.
    • Maintaining Business Rights: While businesses will no longer register NOSIs on land titles, they retain their security interests in fixtures. In cases of consumer default, they may repossess the goods and seek legal repayment.
  2. 10-Day Cooling-Off Period for New Freehold Homes:
    • Consumer Protection: The Act introduces a 10-day cooling-off period for new freehold home purchases, allowing buyers to cancel their agreements without penalty. This period provides buyers the necessary time to fully understand their commitments.
  3. Enhanced Transparency and Consumer Rights:
    • Builder Accountability: Builders will be required to publicly disclose cancellations of purchase agreements, enhancing market transparency.
    • Illegal Home Building Crackdown: The province will consult on measures to combat illegal building and selling practices.
    • Expanded Condo Tribunal Jurisdiction: The Condominium Authority Tribunal’s jurisdiction will be extended to cover a wider range of disputes, offering condo owners more efficient resolution options.

Heritage Property Conservation

The proposed legislation also includes amendments to the Ontario Heritage Act. These changes will extend the review timeline for municipalities concerning listed heritage properties by two years, to January 1, 2027. This extension aims to balance heritage conservation with housing development needs.

Voices of Support

Minister of Public and Business Service Delivery, Todd McCarthy, emphasized the Act’s significance, stating, “By banning the registration of consumer Notices of Security Interest on land titles, we’re putting an end to the exploitation that has targeted our elderly and most vulnerable residents. Moreover, we’re giving Ontarians the crucial information and time they need to confidently make one of the biggest financial decisions of their lives through our enhanced protections for new homebuyers.”

Support for the legislation also came from law enforcement and senior advocacy groups. Chief Mark Crowell of the Waterloo Regional Police Service commended the government’s efforts, particularly highlighting the role of Detective Adam Stover in exposing the misuse of NOSIs. “We are hopeful the proactive policy approach announced today will put an end to this devastating fraud.”

Laura Tamblyn Watts, President and CEO of CanAge, lauded the Act for its focus on protecting seniors. “Through the banning of Notices of Security Interest, vulnerable Ontarians including seniors are assured to see the government taking proactive measures to prevent predatory behaviours from bad actors.” she stated.

Future Consultations

The government plans to consult with stakeholders to fine-tune the implementation of the cooling-off period and to further improve access to information and transparency in the housing market. These consultations will also address enhancing protections for condominium owners and improving condo management practices.


The Homeowner Protection Act, 2024 represents a comprehensive approach to strengthening consumer protections in Ontario’s housing market. By addressing fraudulent practices and enhancing transparency, the Ontario government aims to create a safer and more reliable marketplace for all homeowners and homebuyers.

For more information, visit the Ministry of Public and Business Service Delivery’s website or contact their office directly.

Samantha Deschamps

Samantha Deschamps serves as the Queens Park Reporter, offering insightful coverage of provincial politics with depth and accuracy. With a keen understanding of legislative intricacies, Deschamps provides invaluable perspectives on matters affecting Ontario. For inquiries or feedback, contact Samantha at samantha.deschamps@gtaweekly.ca.

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